Voltaire — To learn who rules over you, simply find out who you are not allowed to criticize
Wednesday, November 28, 2012
Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50% top rate of tax
In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs. This number fell to just 6,000 after Gordon Brown introduced the new 50% top rate of income tax shortly before the last general election. It is believed that rich Britons moved abroad or took steps to avoid paying the new levy by reducing their taxable income.